GM-LG Chem Joint Venture Gets Regulatory Approval
LORDSTOWN, Ohio – The General Motors-LG Chem battery cell manufacturing joint venture received regulatory approval and is now an official business entity, a GM spokesman said.
The joint venture business and the Lordstown battery cell plant will be named Ultium Cells LLC, Dan Flores said according to the GM release, which was emailed Friday morning. Initially, the entity was named GigaPower LLC.
The joint venture will leverage the Ultium name for the coming battery system that was rolled-out during GM’s Motors EV Media Day in early March
On Monday, GM filed a quitclaim deed with the Trumbull County Recorder that transferred 158 acres for the plant at no cost to GigaPower. Earlier in the month, GM acquired the land from NP Lordstown 173, an affiliate of Kansas City-based North Point Development, for $5.1 million. Site clearing activities and grading work started in mid-April
GM has secured water quality and storm water certifications from the Ohio Environmental Protection Agency and a discharge permit from the U.S. Army Corps of Engineers under the Clean Water Act. It is awaiting approval of an air quality permit, which Flores said is expected later this month at the earliest.
The company also is in the process of securing local construction permits for the plant, which will be at 7400 Tod Avenue SW.
Lordstown Mayor Arno Hill said he expects the company to come to the village’s site plan review by midmonth.
“We’re working on water and sewer, and that should be done within two weeks,” he said. “We’re looking at everything being done by the third week in May.”
Copyright 2024 The Business Journal, Youngstown, Ohio.
